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Your research must achieve the learning outcomes at the standards provided. It must be related to a topic associated with strategic business development.You must prepare a portfolio of evidence which includes all the work completed for the following tasks.The wordcount for this assignment should be in the region of 3000 – 3300 words Task 1 – Formulate a Research Proposal In this section of the portfolio you should:Consider and identify a valid area for research to support the strategic development of a business areaExplain the aim, scope and objectives for a chosen area of research Formulate a specific research proposalEstablish success criteria for the achievement of the research proposalPrepare a project plan that identifies key milestones and critical pathways.Extension activities: To gain a merit grade you must:Justify the research area you have chosen which will support the achievement of an aspect of strategic business development.LO1 AC 1.1, 1.2, 1.3, 1.4, 1.51M1Task 2 Carry out the research using different research methodologiesIn this section of the portfolio you need to:Complete a review of different literature sources identifying those which are most appropriate for your chosen area of researchUse different research methodologies to gather data from primary and secondary sources. The data must be sufficient in order to ensure you can make valid conclusionsExtension activities: To gain a merit grade you must:Justify the research methodologies chosenLO2 AC 2.1 2.2 2M1Task 3 – Presentation of Research FindingsIn this section of the portfolio you must prepare a report that presents all of your research findings. This must be presented in an appropriate format for the target audience.In the report, you must:Provide a comprehensive explanation of the purpose, methodologies, findings and recommendations.Reference all sources using a recognised system.Use the information you have collected to justify conclusions and recommendations.Extension activities: To gain a merit grade you must:Respond orally to questions on research findings.To gain a distinction grade you must:Analyse how the findings of your research can be used in a specific strategic business context.LO2 AC 3.1, 3.2, 3.33M13D1Task 4 – Reflective LogOn completion of your research project, you are to prepare a reflective log which contains an evaluation of the skills you used while undertaking the research.The reflective log must include:A review of your own skills using personal reflection and feedback.Recommendations on ways to improve your personal skills while undertaking research.Extension activities: To gain a merit grade you must include the following in your reflective log:A plan to improve your own research skills.To gain a distinction grade you must:Implement the plan and assess the impact on your own personal progress.LO4 AC 4.1,4.24M14M24D1